Monitoring Agency Report for quarter ended September 30, 2026: no deviation from IPO objects
Dev Accelerator Ltd has shared the Monitoring Agency Report for the quarter ended September 30, 2026, on the use of its IPO proceeds.
By ScoutQuest · · 2 min read
- IPO Size Tracked
- Rs. 143.35 crore
- Deviation from Objects of the Issue
- Nil
- Report Issued By
- Infomerics Valuation and Rating Limited
What has been shared
Dev Accelerator Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, along with its exchange disclosure dated November 03, 2026.
The report relates to the money the company raised through the Initial Public Offer of its equity shares. The amount the monitoring agency covers is Rs. 143.35 crore.
Who the monitoring agency is
The report has been issued by Infomerics Valuation and Rating Limited, acting as the monitoring agency for the IPO. A monitoring agency is appointed to keep an eye on whether the money raised in a public issue is actually used for the purposes stated at the time of the issue.
What the report says
- Deviation from the objects of the issue: Nil
- Range of deviation: Not Applicable
The agency also declares that it has no direct or indirect interest in, or relationship with, the issuer, its promoters, directors or management, and that it sees no conflict of interest in monitoring and reporting on the use of the issue proceeds.
How to read the declarations
The agency states that the report is based on information provided by the issuer and on sources it believes to be accurate and reliable. It also states that it does not perform an audit and does not independently verify the information, certifications or statements it receives.
It further states that the report is not intended to create legally binding obligations, that it is not an opinion to deal in the company's securities, and that the agency does not act as an expert under Section 2(38) of the Companies Act, 2013.
Point to note in the covering letter
The monitoring agency's covering letter dated November 03, 2026 refers to the enclosed Monitoring Agency Report for the quarter ended March 31, 2026, while the report itself is titled for the quarter ended September 30, 2026. The report page inside is headed for the quarter ended September 30, 2026.
Why this matters to a retail investor
- A Nil deviation tells you that, as per the monitoring agency, the issue proceeds have been used in line with the stated objects of the issue for the period covered.
- The report is a periodic check, not a fresh business update; it does not by itself change the company's operations.
- The figure to keep in mind is the Rs. 143.35 crore issue size being tracked, against which the deviation is Nil.
Period covered
The report covers the quarter ended September 30, 2026 and is dated November 03, 2026.
Also from Dev Accelerator
Monitoring agency report: nil deviation on Rs. 35.00 crore preferential issue proceeds
3 Nov 2026
Board approves NCDs up to Rs. 300 crore; 33,33,330 equity shares allotted on warrant conversion
3 Nov 2026
Board clears NCD raise of up to Rs. 300 crore and allots 33,33,330 shares on warrant conversion
3 Nov 2026
More numbers
- IPO proceeds covered by the monitoring agencyRs. 143.35 crore
- Deviation from the objects of the issueNil
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